N. Korea designated 'high-risk jurisdiction' for money laundering, terrorism financing for 16th year

Știință și Tehnologie

North Korea has been designated a "high-risk jurisdiction" for money laundering and terrorism financing for the 16th consecutive year, financial authorities said Wednesday. The Financial Action Task Force (FATF), which is tasked with combating money laundering and terrorism financing, has put North Korea in the highest risk category along with Iran and Myanmar, according to the Financial Intelligence Unit under the Financial Services Commission. "The FATF remains concerned by the DPRK's